Originally Posted by
bmchris
Originally Posted by
JDiver
Mr. Horton may be working very hard to make this work - but $"19.9" million worth? Sounds like the court / Mr. Lane begs to differ.
Focus on the quality of the work, not how hard or not. Do you think a $15M payout guy would have done as well? He had to balance working with the unions, going through bankruptcy, making sure there wasn't a big public exodus, managing the bottom line, spending to update planes, and then merger discussions. Plus his long tenure at AA likely was a big help - would a new person have been as effective? The list of effective candidates is likely very short.
A lot of CEOs have been paid a lot more to manage a lot less.
Just imagine how great AA would be now if they got a $50 million a year CEO instead of a lowly $20 million a year guy. That is the logic of your pay argument correct?